The Commissioner of State Revenue is providing assistance for eligible buyers affected by construction delays in off-the-plan developments.
A buyer in an off-the-plan development must pay transfer duty within three years of their contract date, or earlier if settlement occurs first. However, some developments are extending beyond their anticipated timeframe because of unforeseen construction delays.
If duty is payable before settlement can occur, a buyer may apply to the Commissioner for a tax payment arrangement to defer payment of duty for up to 12 months, with the possibility of extension if there are ongoing delays beyond the buyer’s control.
Until June 2025, interest normally applied to a tax payment arrangement will be reduced for buyers in developments that were planned to be completed within three years but have been affected by construction delays beyond the control of the buyer and the developer. Remission of late payment penalty tax will also be considered in individual circumstances.
Affected buyers with existing tax payment arrangements may apply to renegotiate the interest payable under their arrangement.
Affected buyers should apply for a tax payment arrangement and provide information about their circumstances. If duty has already been paid and the transaction does not proceed to settlement, complete this form and apply for a full refund of the amounts paid.
